Cura

Property Management Services, Pune

Division of DAP Consultants Pvt. Ltd.

www.mycuraservices.com

Service Portfolio
 We also provide following end-to-end property
management services for Pune properties

Buy +legal
support

Basic Utility Bill Rental - Repairs & Tenant

Rent-Out
Furnishing Payments Legal Maintain Exit check

Restoration

Sell + legal
support
 Our Flagship Service: Property Management

Objective: Peace of mind for property owners

Maintained property: Conduct necessary maintenance and get suitable tenants
Rental returns: Get optimal returns for owners from suitable tenants
Utility bills and Society matters : owner saves money by avoiding late payment fines

Service covers:
Assessment of the property
Utilities: Pay utility bills on behalf of owner (piped gas, electricity bill, property tax bill)
Tenant Search: Find suitable tenants after advertising in companies & vetting prospects.
Legal formalities: Initiate legal formalities (L&L, PV) with legal firm
Handover: Keys to tenant after rent & deposit received by owner, provide rent receipts to
tenant
Society formalities & compliances: Rental NOC, society dues, documents, AGMs, updates
Resolve complaints: Address concerns and complaints raised by tenant/owner/society.
Issue vacating notice to tenants defaulting on terms and conditions
Repairs & Maintenance: On behalf of owner after owners approval only
 Property Management Service

Tenant exit check: detailed inspection of property for damages, utility bill payments till
date, send report to owner
One off requests: Spare keys during lock-outs at odd hours, providing original rental
agreement for address proof
Agreement expiry & renewal: Negotiation of increased rent amount for renewal

Service Charges
Property Management charges: 16% to 20% + service tax (12.36%) of annual rent when
property is rented & Rs 700 to Rs 1000 + service tax (12.36%) per month when property
is vacant
Exact fees based on location, size of property and society/building condition
Legal fees, cleaning and repairs extra (at cost)
 Property Management Service
What is expected from owners
Provide ownership proofs and bank account details
Provide contact details as well as emergency contacts
Signed property management agreement supported by specific and limited Power of
Attorney (POA) in our name
Three set of keys of the property to us & one set to remain with owner at all times
Timely information, approvals and confirmations in general a 36 hour turnaround would
be expected (E-mails)
Get us connected to society sign us up on society portals & email groups for rules &
updates
Keep us as the single point of contact for your Pune property
We suggest owners interact directly with Cura instead of asking your representatives to
represent on your behalf
Do not interact with tenants directly but route it to Cura
Avoid asking family members or friends to get involved in the management process
Multiple points of contact for tenants or us creates communication and expectation gaps
and sometimes rifts between owners and family members/friends.
Advance for expenses such as electricity bills, property tax bill, piped gas, society
maintenance etc
Timely payment of our fees within 10 days from date of invoice emailed
 Property Management Service
Property Management Contract & supporting Power Of Attorney

Contract covering our services, terms and conditions

Property Tenure 1/2/3 years (recommend at least 2 years)
Management Governed by Indian Contract Act
Agreement
Can be terminated with 2 months prior notice
Supported by Power Of Attorney (POA)

Designed by legal counsel to give limited & specific powers to

Supporting execute the services in the property management contract
Power of only
Attorney Does not give rights to transfer ownership of the property
e.g. sell, mortgage
Given to directors of Cura in individual capacity
Original POA with Cura, copy with owner. If contract is
terminated, original POA to be returned to owner so that it
cannot be misused
 Property Management Service
About the Power of Attorney (POA)
Property owner provide directors of Cura with a POA for a limited duration and with
the following specific powers only:
Find a suitable tenant
Complete legal-rental formalities including society NOC formalities
Inspect property as and when needed
Conduct repairs and maintenance
Take necessary action against the tenant for non compliance of agreement terms
Pay utility bills
Represent owner in society, corporation, MSEDCL (electricity) and piped gas related matters
Decide amount to be deducted from security deposit (when tenant vacates)
POA shall NOT cover
Right to sell or transfer the ownership or mortgage the property
Right to accept the rent and deposit in our name: All amount due from tenants is
transferred to owner.
Cura Property Management Services, Pune
Division of DAP Consultants Pvt. Ltd.

Professionals in managing properties of

Non-Resident Puneites

Website: www.mycuraservices.com
Email: info@mycuraservices.com

Thank you